If you assume the same historical growth rates apply then you also have to consider inflation rate over the same period. That £2 million in 60 years will be equivalent to £60k now. You would imagine life expectancy to have increased too in 60 years so that would have to strech even further.
Westminster Politics
- Thread starter altodevil
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If you assume the same historical growth rates apply then you also have to consider inflation rate over the same period. That £2 million in 60 years will be equivalent to £60k now. You would imagine life expectancy to have increased too in 60 years so that would have to strech even further.
Thats a fallacy that had been telling us and keep repeating to us and now it became truth.
I agree that the current system is unsustainable but start with that 400 people in us owns 60% than the bottom half
Tax appropiately, cut the corruption and see how it works. But i guess is easier to blame us yo live too long
Reeves was inspiring on BBC earlier. She used to work at the Bank of England you know?
An interesting idea that they'll achieve growth through austerity. I really think it can work this time.
If Carlsberg did Twitter replies…
They need to tax more if they want to spend. They will be burned politically if they did.
Tax burden is already the highest its been since WW2. Hiking taxes is not a realistic option at this point.
It’s seem the labour leadership genuinely think the reason austerity doesn’t work is because the tories are incompetent. Which is crazy.
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Yeah that's why they can't up the spending.
Not if you're rich it's not.
For example, KPMG analysis "Corporate Tax Rate in the United Kingdom averaged 30.28 percent from 1981 until 2023, reaching an all time high of 52.00 percent in 1982 and a record low of 19.00 percent in 2017. source: HM Revenue & Customs. In the United Kingdom, the Corporate Income tax rate is a tax collected from companies."
So I don't think anyone thinks that corporation tax should be up at 50% again but say 20% for small companies, 25% for medium and 30% for large ones would be by no means onerous.
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When they plan to change when they get into power, do they mean that they won't bother bringing the pastries back to their offices?
Was listening to ******* Harman talking about 1997. How they had to earn the public trust with the economy, have realistic spending and create the economic conditions for a more expansive offering on their future campaigns. She was pointing out that its even more of a mess than the one they inherited
Yeah corporation tax is too low, its not stimulated the economy as hoped and its much lower than European peers.
Personal taxes on the other hand are far too high and middle earners are especially hard hit which is why our productivity has flatlined.
This guy has gone from Labour, to Tory, to Reform in the space of around 5 years?
Gone from "working class" to millionaire too.
Democracy in action!
That was terrible. He looks so awkward and flustered by fairly obvious questions.
It should trigger an immediate by-election. How can you get elected representing one party and then switch, clearly contradicting what constituents voted for?
Hopefully he'll be binned off at the next general anyway. This sounds like that UKIP situation where 2 MPs joined but it materialised into nothing.
Did any journalist ask him about these comments?
I hate that guy with a passion. The first to shout snowflake, but melts when asked a fairly basic question.
feck me
Notice the middle finger when he wipes his eye?
So obvious. What an odious cock
His little pecker is stiff as a board, all this fuss, all this press, he cannot believe it and is utterly reveling in it all.
He left your stupid party and you're still acting like spineless losers in a private whatsapp? "It's not me, really, i'm being forced to do this on orders". what the actual feck?